Chaac Foods Acquires 102 Pizza Hut stores in the Northeast
Southlake, TX – Chaac Foods (“Chaac”) has purchased 102 Pizza Hut stores in the northeast (NY, NJ, PA, MD, and DC) from another franchisee (“Seller”) as part of its continued growth strategy. This strategic acquisition has increased Chaac Foods’ total Pizza Hut store count to more than 130 stores, making Chaac one of the largest franchisees in the Pizza Hut system.
“We are excited to continue to grow our partnership with Pizza Hut and YUM! Brands. This will be an incredible opportunity for us to both own and expand a phenomenal brand in a great region,” said Luis Ibarguengoytia, CEO of Chaac Foods.
About Chaac Foods
Chaac Foods is a company created in partnership between Gauge Capital and Luis Ibarguengoytia, an experienced restaurant operator, with the intent of owning and operating a diversified set of restaurants within the franchised, quick service restaurant (“QSR”), and casual dining restaurant (“CDR”) spaces. Chaac will aim to partner with strong franchisor concepts in attractive geographies to help these brands thrive and grow.
About Gauge Capital (www.gaugecapital.com)
Gauge Capital is a private equity firm that partners with owners, managers, and equity stakeholders of successful middle market companies to maximize their potential. Gauge focuses on investing in growing services and technology-enabled companies in the business, consumer, healthcare, industrial, and food sectors. For more information, please contact Andrew Peix, Principal and Director of Business Development at firstname.lastname@example.org.
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